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386 East 31st Street Brooklyn, NY 11226
$1,195,000 Price
8 Beds
Baths: 3 Baths
Multi-Unit Residential Type

Prime Flatbush Gem - Ideal 4-Family Brick Home Used as a 3-Family with Investment Potential! Welcome to the heart of the vibrant Flatbush neighborhood! This magnificent 3-story, 4-family brick home with a full basement, expansive yard, and parking is strategically located near Nostrand Ave. This versatile property is a haven for both savvy investors and owner-occupiers alike, offering a myriad of possibilities. The first level of the property is legally 2 apartments (as per the C of O) but was combined to make one spacious unit. The versatile layout is spread across three spacious stories, and boasts three separate units, providing excellent rental income potential. Whether you're looking to keep all three units for maximum rental returns or live in one unit while renting out the others, this property caters to your investment strategy. Situated on a 23' x 100' lot with R6 zoning, there's an additional 2,400+/- square footage (based on FAR) of buildable space, offering future expansion opportunities. The full basement with high ceilings opens up a world of possibilities, making it an ideal space for additional living areas or storage. The convenient location allows you to enjoy being just moments away from diverse dining and retail establishments along Nostrand Ave and Ave D. Effortless transportation options include bus service steps away on Ave D. This property will be delivered vacant, providing you with a clean slate to envision and execute your vision seamlessly. Don't miss out on this exceptional real estate opportunity that combines prime location, investment potential, and a spacious layout. Schedule a viewing today and step into the future of Flatbush living!

Property Details

Location Information

County Kings
Neighborhood East Flatbush

Interior Features

Total Rooms 17
Heating Steam/Radiator
Heating Fuel Gas
Floors Ceramic, Hardwood
Water Heater Gas
Handicap Access No
Basement Description Full, Unfinished
Total Number of Units 4

Exterior Features

Stories 3
Construction Brick
Exterior Brick
Foundation Stone
Roof Flat
Electric Circuit Breakers
Yard Back, Front
Lot 42
Lot Size in Acres 0.053
Lot Size in Sq. Ft. 2,300
Lot Length 100
Lot Width 23

Additional Information

Property Type RI
Property SubType Multi-Family
Property SubType 2 Multi-Family
Block 4947
Features Refrigerator, Stove

Location

386 East 31st Street, Brooklyn, NY 11226
Listing #480202

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Information Deemed Reliable, but Not Guaranteed.
BNYMLS (Brooklyn) data last updated at April 27, 2024 12:23 AM ET

Listing Agent

386 EAST 31ST STREET, BROOKLYN, NY 11226
Gamal Hasan 718.768.4500

Property Information

County Kings
Neighborhood East Flatbush
Lot Size 2,300

Contact

Listing courtesy of Gamal Hasan

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